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LONDON - HSBC Bank plc, serving as the Stabilisation Coordinator, has announced the potential for market stabilization activities following a security offer by Iberdrola (OTC:IBDRY) Finanzas, S.A.U. The notice, issued on Wednesday, indicates that stabilization measures may be implemented from today, May 7, 2025, through June 7, 2025, to support the market price of the securities.
The securities in question are fixed-rate bonds with a 10-year maturity, issued by Iberdrola Finanzas, S.A.U., with the offer price yet to be confirmed. The total nominal amount of the securities is classified as an EUR Benchmark, although the specific figure has not been disclosed.
A team of Stabilising Managers, including Bank of China, BBVA (BME:BBVA), CIC, Crédit Agricole CIB, Deutsche Bank (ETR:DBKGn), HSBC, MUFG, and UniCredit, may engage in over-allotment or execute transactions to maintain the securities’ market price above levels that might naturally occur. These actions are intended to provide market stability and will be conducted according to applicable laws and regulations.
The press release also notes the existence of an over-allotment facility, which could be up to 5% of the aggregate nominal amount of the securities. All stabilization, if initiated, will be carried out over the counter (OTC).
This announcement serves purely as an informational notice and should not be construed as an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer. The offer of securities is specifically directed at qualified investors in the European Economic Area as defined by the Prospectus Regulation and at professional investors or high net worth individuals in the United Kingdom (TADAWUL:4280), in line with the Financial Services and Markets Act 2000.
The securities discussed have not been and will not be registered under the United States Securities Act of 1933, and as such, they cannot be offered or sold within the United States absent an exemption from or registration under the Act. There is no intended public offering of these securities in the United States.
The information provided in this article is based on a press release statement disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG) and approved by the Financial Conduct Authority in the UK.
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